Louis Vuitton announced that they have reached a settlement agreement with the Burlington Coat Factory. The agreement includes the BCF refraining from future counterfeiting and infringing on activity upon Louis Vuitton’s and Marc Jacobs’ intellectual properties as well as a monetary compensation.
But it wasnâ€™t just the BCF that was named in the law suit filed in 2004, G & L Handbags Co. of California with Industech International, Inc. added later, for alleged trademark counterfeiting and infringement, false designation of origin, trademark dilution, copyright infringement, unfair competition, injury to business reputation, and false and deceptive business practices.
“We are very pleased to have successfully resolved this matter in a manner that protects our brands and our customers” said Nathalie Moulle-Berteaux, Intellectual Property Director of LVMH Fashion Group. “This case was a particularly important one in that it involved some of our most famous trademarks and the products in question included both exact copies and infringing ‘look-alike’ bags.
â€œWe will continue our relentless fight to protect our brands throughout the world, by vigorously pursuing those who engage in any and all forms of infringing or counterfeiting activity.”
The bags that the BGF had infringed upon were the Louis Vuitton Multicolore Monogram and S-Lock designs[via BusinessWire]